(covering SK1, SK2 and SK3)

Category: investment deals

a brilliant buy-to-let opportunity with a 6.4% yield on turncroft Lane in stockport..

A brilliant buy-to-let opportunity with a 6.4% yield on Turncroft Lane in Stockport. This property has just come to the sales market and would rent out for £650pcm without any work. You must come and view this property with us, so give us a call to get booked in on 0161 474 8668 or for more information on Buy-To-Let investments please do not hesitate to contact me!

A brilliant buy-to-let opportunity with a 6.4% yield…

A brilliant buy-to-let opportunity with a 6.4% yield on Turncroft Lane in Stockport. This property has just come to the sales market and would rent out for £650pcm without any work. You must come and view this property with us, so give us a call to get booked in on 0161 474 8668 or for more information on Buy-To-Let investments please do not hesitate to contact me! Gemma Lowe, Lettings Manager, Stockport ExchangeLink to Property Online: https://www.julianwadden.co.uk/property-details/28198954/stockport/offerton/turncroft-lane?page=1&instruction_type=Sale&address_keyword=SK1&minprice=&maxprice=&property_type=&showstc=1&showsold=0

Posted by Julian Wadden Estate and Lettings Agents on Wednesday, September 19, 2018

Continue Reading

Demand for renting hits a near 12 month high

While most private renters in the UK aspire to buy property, the reality is that many people simply cannot afford to get a foot on the housing ladder due to high house prices, with many people, particularly millennials, set to rent for the rest of their lives.

Continue Reading

humble brag alert – a stunning apartment let in 6 hours and i want to share the journey of this property with you…

Hello Readers,

First of all, apologies, the post you are about to read is most certainly a brag, but I would like to add it is a humble one!  Lettings with Julian Wadden in Stockport is going crazy, we are super busy!  We are letting everything that we get instructed on and in record time scales.  So, let me tell you about this particular property…

I first spoke with the owner about 8/9 months ago when he was investing in the area and since then I have kept in touch with him with weekly sometimes monthly contact to assist him with ideas and to impart my local market knowledge.  I would like to add at this point this is not me harassing the poor gentleman concerned on a weekly/monthly basis in true, pestering estate agent style, no, no; this was much more of a partnership with me being on hand to give advice when required and most importantly when asked!  I loved that this investor was happy to listen to my ideas and to allow me to give him my honest opinion regularly to develop this property into 8 stunning apartments.   What colour flooring would tenants like Gemma?  Grey… so the apartments all have beautiful grey flooring.  Gemma, do you recommend carpets or wooden floors and what is practical, so a discussion ensues giving all the positives and negatives of each.  What is important to tenants Gemma?  Washing Machines and Fridge/Freezers!  So all of the apartments have washing machines/dryers and fridge/freezers and additionally microwaves.  I am passionate about my job and assisting Landlords/Investors and Tenants alike and so I was absolutely delighted that this Investor was so hands on and so happy to hear my thoughts.  I have loved every minute of working with him.

So, imagine how excited I was when I was invited to appraise the apartments and see all the incredible work that had been put into to transforming the building.  I wanted to do the best job I could, take the best photographs and find the best tenants.  Therefore, on Saturday I did an off the market viewing at the property and on Monday morning, once instructed I made the first 2 finished properties available.  We let the first one on Monday afternoon, so in less than 6 hours of the property being on the market.  We let the property to a professional, single female working locally in a very good job, paying the asking price and moving in at the soonest opportunity.  Everyone is overjoyed – the Tenant, Landlord and even myself.

I truly love my job and finding homes for local people, but also finding Landlords exemplary tenants at the best prices and in the best timescales.

If you want to get involved and receive this level of service, please do not hesitate to contact me, as I would love to work with you too!

Gemma Lowe, Lettings Manager, Stockport Exchange (0161 474 8668 or stockportlettings@julianwadden.co.uk)

Continue Reading

An 8.9% yield on this great little £80,000 investment in Edgeley, SK3…

Hello Readers,

Today I am bringing you one of the best yields I have found in a long time!  The property is currently being sold with a sitting tenant – this is good and bad.  Good, as it means no void period and the property will be rented from the moment you purchase it, but bad as there is potential that they have been there a long time and are not paying the right market value for the property.

If I were purchasing this property I would be happy to keep the tenants and then perhaps at the next rental period would look at refurbishing the property, as it does look as though it needs a little TLC.  I think for a property like this, in a block like this in Edgeley Town Centre you would be able to achieve £575-£600pcm for this two bedroom apartment.  I realise that this sounds very cheap, but the block that this property in will affect the overall rental value that you will be able to achieve.  The property is currently on the market at £80,000 and renting it at £575 to £600pcm would give you an incredible yield of 8.63 – 8.92% which is amazing!  If you did work on the property this yield would be affected slightly, but in terms of capital growth there is a lot of potential.

If you would like more information on this property, or if you are thinking of investing in the Stockport area, please do not hesitate to contact me on 0161 474 8668 or email stockportlettings@julianwadden.co.uk.

Happy Investing!

Gemma Lowe

Continue Reading

buy-to-let deal of the week on Europa Way, Stockport, SK3…

Hello Readers,

Last week I brought you a property which needed a little bit of work, so this week I thought I would bring you something spic and span and ready to let!  So, how about this lovely three bedroom, semi-detached house in Cheadle Heath which is a very lovely part of Stockport.

The property boasts a large kitchen, dining room with a separate lounge and a downstairs WC.  On the first floor are three good sized bedrooms a separate family bathroom and the master suite has a lovely en-suite bathroom.  The property is on the market to purchase with Bridgfords for £200,000 and as I mentioned, needs no work at all as it is lovely and modern and would very much appeal to families or couples looking for a contemporary property.

I believe that the property would rent for around £900pcm which would give you a good yield of 5.4%.

If you would like more information on this property or if you are looking for a buy-to-let investment then please do not hesitate to contact me on 0161 474 8668 or on stockportlettings@julianwadden.co.uk.

Continue Reading

Fancy an 8.29% yield and a little project… then this fantastic property in Stream Terrace, SK1 is perfect for you!

Hello Readers!

I am always on the look out for great investment opportunities for you and this week I have found another property that I think would (after a little work) give you a very good return/yield.

The property is on Stream Terrace, SK1 in central Stockport and has 2 good sized double bedrooms on the first floor and a large reception room, with separate kitchen on the ground floor.  The property is quite tired in terms of its decor, so it does need some investment to refurbish it to a rental standard.  This would include modernisation of the kitchen, bathroom, flooring throughout and neutral paintwork.  I would imagine that this would cost around £15,000 to complete, which may sound like a lot of money, but when you find out that the property is on the market at £90,000 it suddenly doesn’t look to bad!  For £105,000 you could have a lovely 2 double bedroom semi-detached house in a lovely residential area!  The property would rent for around £695-£725pcm if modernised to a high standard which would give you a yield of 8.29% – amazing!

This wonderful opportunity is on the market with Reeds Rains, Offerton and the link is below if you would like to have a look at this property.  If you are looking to purchase an investment property in the area and would like more information about the Lettings potential please do not hesitate to get in contact with me on 0161 474 8668 or email stockportlettings@julianwadden.co.uk.

Continue Reading

Stockport Town Centre Investment Opportunity – Fletcher Street, SK1

Could this be the next investment opportunity for you?

A large, two storey, former nightclub/wine bar with attractive external brickwork to the front and rendered brickwork to the rear. The property is in a very basic condition and provides scope for a refurbishment/conversion scheme

This would be subject to any necessary Planning Permissions/Building Regulations approvals.

The property is being listed by Buckley & Co Commercial agents – see the full listing here!

 

Continue Reading

Residential Development Opportunity in a central location!

The Property, being marketed by MBRE, is located on Lower Hillgate adjacent to Robinson’s Brewery and next to Dumbville’s Brow steps leading up to High Street to the rear of the site. The land provides an opportunity to develop a town centre parcel of land in the desirable Stockport Old Town which includes Lower Hillgate, Little Underbank and Stockport Market Place.

The site benefits from full granted planning consent for the re-development of the site to provide ground floor retail accommodation and residential accommodation over upper floors providing 21 residential units ranging from 25 sq.m up to 37 sq.m. Granted 4th July 2016.

Reserved matters relating to scale, layout, landscaping, appearance and access pursuant to outline planning permission ref: DC/059512 have been granted as of 13th July 2018. Details available from MBRE.

See the listing here

Continue Reading

A lot of work, but an incredible investment for the ‘w’right investor… introducing lesley wright house, sk3

Hi Readers,

I hope you got the very much intended pun above?  ‘W’right investor, Wright House?  Sorry, but I had to do it.

Anyway my latest scour of the property market for my lovely investors has brought this treasure to my attention – Lesley Wright House, Cheadle Heath, SK3.

It is a huge development and is currently a cluster house with 11 bedrooms within it and 6 bathrooms, over three floors and it most definitely requires a full refurbishment throughout.  This is obviously a huge project and I would estimate a cost of between £10-£20k per apartment created.  The sq footage of the building is 3648 which means you could probably get 7-8 one bedroom apartments out of it.  So the cost of the reburbishment would be approx. £150k.

With this in mind and the guide price of £430k it would mean a total outlay of £580k.  If each of the one bedroom apartments created was then rented for £575pcm as a minimum and there were 8 apartments that would give you a monthly income of £4,600 meaning your overall yield is 9.5%.  AMAZING!

The property is currently on the market with 2 agents, Edward Mellors and Harvey Scott, and I have posted the links to these Estate Agents below.

If you would like more information on this property or if you have any specific queries about Lettings, Investments or even if you have a property you would like advice on renting out then please do not hesitate to contact me on 0161 474 8668.

Continue Reading

attention investors – a lovely house that would make a great buy to let!

Hello Readers!

I hear time and time again from Landlords that they would like to purchase more properties but with as little work to do as possible.  They want something new and modern so I have gone in search of this for you this week and found this property available to purchase for £260,000 with Reeds Rains in Offerton.

The property is located on Forbes Road and it is a new build, therefore the finish is immaculate and the colour scheme is modern.  The kitchen and bathroom have been finished to a very high standard.  There are 4 bedrooms, with a large master bedroom in the loft space with an ensuite.  There is a further family bathroom and a downstairs WC.

I believe that if this property was purchased by an investor it would be able to achieve £1,100 per calendar month, giving you a yield of 5.08%.  There would be no shortage of tenants as there are very few properties of this calibre or with 4 bedrooms around.  Large family homes are rare to find on the Lettings Market and so there is a demand for this type of property.  I always think investing in these types of property are sound investments too, as in a few years you are pretty much guaranteed your money back as it is a beautiful family home that people will be interested in!

If you would like more information on this property or if you have any specific queries about Lettings, Investments or even if you have a property you would like advice on renting out then please do not hesitate to contact me on 0161 474 8668.

Gemma Lowe, Lettings Manager

Continue Reading